Rocket Lab (bStocks Tokenized Stock) vs Circle Internet Group (Ondo Tokenized Stock)

Circle Internet Group (Ondo Tokenized Stock) (CRCLON) is 32.0× the size of Rocket Lab (bStocks Tokenized Stock) (RKLBB) by market capitalisation. Their daily returns move loosely together (correlation 0.35 across 56 shared trading days). Both have run at a similar volatility, around 92% annualised.

Correlation: 0.35
Size ratio: 1 : 32.0

Rocket Lab (bStocks Tokenized Stock)RKLBB

$54.3900

24h: -0.29%
Market cap: $2.71M
Volume 24h: $535,631
Volatility (ann.): 86%

Circle Internet Group (Ondo Tokenized Stock)CRCLON

$73.7900

24h: +1.32%
Market cap: $86.85M
Volume 24h: $1.01M
Volatility (ann.): 98%

RKLBB 3.0%Share of the two combined market caps97.0% CRCLON

Performance

RKLBBCRCLON

7 days-6.84%-6.27%CRCLON
30 days-27.19%-16.67%CRCLON
90 days-27.27%——

Correlation

0.35over 56 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.5390d: insufficient data1y: insufficient data

Measured on daily returns rather than on prices. Two assets that both simply trend upward score near 1.0 on raw prices whether or not they move together, so returns are what answer the question people mean by correlation.

Risk & extremes

Metric	RKLBB	CRCLON
Max drawdown (400d)	-41.2%	-30.7%
Risk-adjusted return (90d)	-0.36	0.06

Relative strength over 90 days: CRCLON outperformed RKLBB by 34.3% — measured on the RKLBB/CRCLON ratio, so it holds regardless of market direction.

Rocket Lab (bStocks Tokenized Stock) →Circle Internet Group (Ondo Tokenized Stock) →